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Human Resource Management Assignment - BARCLAYS Bank

   

Added on  2020-12-29

18 Pages5128 Words210 Views
Human ResourceManagement

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1 ...........................................................................................................................................1P 1 Analyse role and purposes of HRM ................................................................................1P 2 Approaches to workforce planning, recruitment and selection, development and training,performance management and reward system and also strengths and weakness...................3...............................................................................................................................................5TASK 2............................................................................................................................................5P3. Presenting the benefits of different HRM practices in Barclay's for employee andemployer.................................................................................................................................5P4. Evaluating the effectiveness of different HRM practices in context of raising businessprofit and productivity............................................................................................................6TASK 3............................................................................................................................................8P5 Importance of employee relations in respect to influence HRM decision-making...........8P6 Key elements of employment legislation and impact on HRM decision-making.............9TASK 4..........................................................................................................................................11P7. Illustrating the application of HRM practices ...............................................................11CONCLUSION .............................................................................................................................13REFERENCES..............................................................................................................................14

INTRODUCTIONBusiness organisation aims at providing motivation and satisfaction to employees so thatthey retain in business and also put their best efforts in the activities and operations of business.HRM adopts to different practices in order to effectively motivate employees and improve theirperformance level. BARCLAYS Bank is situated at London and it is British multinationalinvestment banking concern that also provides financial services. The present report explains thedifferent HR practices adopted by HRM in order to bring effectiveness in operations and also toprovide motivation and satisfaction to employees. Strengths and weaknesses of differentapproaches of recruitment and selection are explained in the report. Learning, training anddevelopment programs, flexible working options, performance management and rewardsmanagement are different types of HR practices that will be explained in the report. Importanceof employee relations and employee legislation will be also discussed in the present report. Thereport further focuses on illustrating applications of HRM practices.TASK 1 P 1 Analyse role and purposes of HRM Human resource management can be defined as an area or department which isresponsible for managing the human resources of an organisation along with their performancethrough training and development programs. Human resource management is also responsiblefor improving the effectiveness and efficiency of the employees working in the company(Armstrong and Taylor, 2014). This department also plays an important role in developing ahealthy environment within an organisation. Functions of HRM in Barclays bank There three major roles of HRM -Building commitment – One of the most essential roles played by the human resource managerswithin Barclays Bank is to enhance the commitment of employees through motivation. It alsohelps in retaining the skilled employees in the organisation for longer time. Human resourcemanagement use effective motivation strategies to increase the dedication of their employees thatimproves productivity. 1

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